The global market for automotive electronic devices was valued at $15.1 billion in 2010. That value is projected to reach $17.4 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 2.9%, according to “Automotive Electronic Devices: Technologies and Global Markets,” a new study from BCC Research.
The global automotive electronic devices market can be broken down by region into four segments: North America, Europe, Asia, and the rest of the world. The North American region, valued at nearly $5.57 billion in 2010, is projected to reach nearly $5.63 billion in 2015, yielding a CAGR of 0.2%. The European region was worth $5.1 billion in 2010, and that value should reach $5.4 billion in 2015, a CAGR of 1.2%. Worth $3.3 billion in 2010, the Asian region should be worth $4.9 billion in 2015, a CAGR of 8.4%. The rest of the world, worth $1.1 billion in 2010, should be worth $1.4 billion in 2015, yielding a CAGR of 5.3%.
The automotive electronic devices market is comprised of five categories: global positioning systems (GPS), automotive video devices, in-dash players, satellite radio, and radar detectors. Strong growth is expected within the automotive video device category, while the satellite radio and radar detection segments are expected to be stagnant or to shrink.
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